The Block
Quick Take Around the time VanEck CEO Jan Van Eck was predicting bitcoin would hit a new all-time high, BTC temporarily surpassed $77,000 for the first time ever. Van Eck said he thinks bitcoin will go to to $300,000.
Quick Take Open interest on Polymarket soared to $510.95 million by Nov. 5 and subsequently fell to $184.16 million by Nov. 8, The Block’s data shows.
Quick Take Polymarket is said to be teasing users with an airdrop, though the platform hasn’t confirmed token launch plans yet. The platform previously considered launching its own token but had no guarantees as of September.
Quick Take Ryan attributes his departure to personal reasons and to create room for other opportunities. As a developer, Ryan served as lead coordinator for upgrades like the launch of the Beacon Chain in 2021, Ethereum’s first step to switch to proof-of-stake.
Quick Take Former FTX CEO Sam Bankman-Fried has filed an appeal and called for a new trial.
Quick Take Aptos clocked in a whopping 5.4 million active monthly addresses and also hit a high note with 578 million user transactions last month. The following is an excerpt from The Block’s Data and Insights newsletter.
MicroStrategy buys an additional 18,300 bitcoin for $1.1 billion, taking its holdings to 244,800 BTC.Solana applications can “prioritize real humans” with Wormhole’s latest World ID integration.The Starknet community approves a vote to implement STRK token staking by the end of 2024.The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Quick Take Blind computing platform Nillion is integrating with the NEAR Protocol, to provide developers with tools to enhance data privacy and storage while designing applications. Nillion fragments data across its network of nodes to speed up processing times, which could have implications for computationally-heavy use cases like AI, co-founder Alex Page said.
Quick Take Polymarket accumulated a nearly $900 million bet for the winner of the United States 2024 presidential election. Democratic candidate Kamala Harris leads the way with an estimated 50% chance of winning and a $127 million bet. The 2024 presidential election has largely contributed to Polymarket’s explosive growth in the past few months.
Quick Take A judge ruled on Thursday that the CFTC exceeded its authority when it pushed against prediction market Kalshi’s move to list contracts tied to U.S. elections. Rep. Torres urged the CFTC to consider allocating resources toward regulated entities to protect consumers and election integrity.
